SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Develop a business plan for a small business 
SAQA US ID UNIT STANDARD TITLE
117241  Develop a business plan for a small business 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
10385  Develop a business plan for a small business  Level 4  NQF Level 04   

PURPOSE OF THE UNIT STANDARD 
Learners who achieve this unit standard produce a comprehensive business plan which could be used to guide the new business, and/or act as an application for finance.

The qualifying learner is capable of:
  • Describing the various types of business and the registrations required for a small business in South Africa.
  • Discussing the need for market research when starting a new business.
  • Explaining the financial aspects of starting a small business.
  • Compiling a business plan based on a budget for an SMME. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this Unit Standard. Learners should be competent in Communication, Mathematical Literacy and Financial Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this unit standard is

    1. Legal business types include sole proprietor, partnerships, close corporations, and Pty companies
    2. Small business examples include spaza shops, doctors firms, building contractors, IT services, fast food franchises, cleaning services, printing businesses, vending machines, educational services etc.
    3. The legal registrations required include, PAYE, VAT, UIF, RSC, COID, Skills Development Levy and Industry registrations.
    5. Typical leasing issues include cost per square metre, length of leases, lease deposits, extra charges for security, parking, payments in advance, and interest on late payments.
    6. Typical vehicle issues include type of contract (HP, lease), deposits required, impact on cash flow, interest rates, costs of settling early, insurance costs, running costs, security and control of the vehicle.
    7. IT issues such as purchase or lease, tax implications of each option, the need to upgrade equipment, software piracy implications, Internet access, web sites, maintenance and training of staff.
    8. Other income and expense items include, sales, interest received and paid, cost of sales, accounting fees, salaries and wages, and staff development costs, bank charges, vehicle and IT related fees, rent and electricity, office refreshments, repairs and maintenance, printing and stationery etc.
    9. The elements of a business plan include:
  • An introduction and description of the business.
  • Indication of some market research and/or basic need for the product or service
  • Proposed business structure and location.
  • Terms of the lease.
  • An analysis of competition.
  • A basic marketing plan.
  • The management and staffing of the business.
  • Budgeted income statements (usually for 3 years).
  • Cash flow projections.
  • Personal investment and skills.
  • Other personal information demonstrating the ability to run a successful business. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Describe the various types of business and the registrations required for a small business in South Africa. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The types of small business that are legal in South Africa are described and an indication is given of the advantages and disadvantages of each. 

    ASSESSMENT CRITERION 2 
    The legal requirements of each kind of business entity are explained and an indication is given of the cost of registration in each case. 

    ASSESSMENT CRITERION 3 
    The taxation implications of operating each type of entity are researched and compared and an indication is given of the best type of business in specific circumstances. 

    ASSESSMENT CRITERION 4 
    The principles of input and output VAT are explained, and the net output/input VAT is calculated for three examples. 

    ASSESSMENT CRITERION 5 
    Registration with the South African Revenue Services (SARS) is discussed and an indication is given of the implications of non compliance. 

    ASSESSMENT CRITERION 6 
    The current rate of the various taxes paid to SARS are indicated in a table and calculated for three examples. 

    ASSESSMENT CRITERION 7 
    The purpose of the skills levy is discussed, and a list compiled of the SETAS which would be applicable to a range of businesses. 

    ASSESSMENT CRITERION 8 
    An employer's responsibility to register and pay for UIF is described and the contributions are calculated for 3 examples. 

    ASSESSMENT CRITERION 9 
    The purpose and benefits of COID are described, and the amounts due are calculated for 3 examples. 

    ASSESSMENT CRITERION 10 
    Industry specific registrations are identified and the addresses and contact numbers for local registration are researched for own type of business. 

    SPECIFIC OUTCOME 2 
    Discuss the need for market research when starting a new business. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The importance of market research in planning a new business is discussed and an indication is given of the dangers of not doing a proper research viability study. 

    ASSESSMENT CRITERION 2 
    The typical target market and consumer profile is identified for five businesses. 

    ASSESSMENT CRITERION 3 
    The current competition for potential businesses in 3 locations is researched and recommendations made as to a potential location. 

    SPECIFIC OUTCOME 3 
    Demonstrate knowledge and understanding of the financial aspects of starting a small business. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Possible sources of finance for a small business are researched and presented and a decision is made on the advantages and disadvantages of each. 

    ASSESSMENT CRITERION 2 
    Possibilities for small business support are investigated in terms of financial, strategy and training needs. 

    ASSESSMENT CRITERION 3 
    The issue of providing suretyship for a business loan is discussed and a substantiated opinion is expressed as to the risk. 

    ASSESSMENT CRITERION 4 
    Financial implications and alternatives for capital asset requirements are discussed in relation to purchasing or leasing premises and vehicles, IT requirements and other business expenses. 

    SPECIFIC OUTCOME 4 
    Compile a business plan based on a budget for an SMME. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The typical income and expense items are described for at least two different types of SMME. 

    ASSESSMENT CRITERION 2 
    The purpose of a business plan is explained in relation to evidence of viability of the budget. 

    ASSESSMENT CRITERION 3 
    The basic elements of a business plan for a loan application are explained with examples. 

    ASSESSMENT CRITERION 4 
    A basic business plan is compiled and presented for a SMME of choice. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify, solve problems and make decisions relating to the best legal type of business to use in a variety of situations. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage him/herself effectively when researching the various forms of finance available to SMMEs, registrations required for a SMME and possibilities for small business support. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information relating to the fixed asset and capital requirements of a small business. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematics and language skills in the modes of oral and written presentation when designing and presenting a business plan for a loan application. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to participate as a responsible citizen in the life of local, national and global communities, by beginning to understand the responsibilities and implications of running a business. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    This unit standard has replaced 10385, "Develop a business plan for a small business", Level 4, 5 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49276   Further Education and Training Certificate (FETC): Trade Exhibitions  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 
    Core  48883   Further Education and Training Certificate: Small Business Advising (Information Support)  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 
    Core  79886   National Certificate: Business Advising  Level 5  NQF Level 05  Reregistered  2023-06-30  SERVICES 
    Elective  49089   National Certificate: Financial Services  Level 3  NQF Level 03  Reregistered  2023-06-30  INSETA 
    Elective  59386   National Certificate: Fresh Meat Processing  Level 3  NQF Level 03  Reregistered  2023-06-30  FOODBEV 
    Elective  57880   National Certificate: Meat Processing  Level 3  NQF Level 03  Reregistered  2023-06-30  FOODBEV 
    Elective  50285   National Certificate: Professional Driving  Level 3  NQF Level 03  Reregistered  2023-06-30  TETA 
    Elective  63929   National Certificate: Spirits Production  Level 3  NQF Level 03  Reregistered  2023-06-30  FOODBEV 
    Elective  63869   National Certificate: Winemaking  Level 3  NQF Level 03  Reregistered  2023-06-30  FOODBEV 
    Elective  79986   Further Education and Training Certificate: Dance Instruction  Level 4  NQF Level 04  Reregistered  2023-06-30  CATHSSETA 
    Elective  49649   Further Education and Training Certificate: Long-term Insurance  Level 4  NQF Level 04  Reregistered  2023-06-30  INSETA 
    Elective  58350   Further Education and Training Certificate: Perishable Produce Exportation  Level 4  NQF Level 04  Reregistered  2023-06-30  AgriSETA 
    Elective  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Reregistered  2023-07-30  As per Learning Programmes recorded against this Qual 
    Elective  57613   Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  INSETA 
    Elective  66613   Further Education and Training Certificate: Wealth Management  Level 4  NQF Level 04  Reregistered  2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  58394   National Certificate: Film and Television Production  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  MICTS 
    Elective  58978   National Certificate: Journalism  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  MICTS 
    Elective  49123   National Certificate: Journalism  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Registered" 
    2007-10-18  Was MICTS until Last Date for Achievement 
    Elective  49710   National Diploma: Development Practice  Level 5  NQF Level 05  Reregistered  2023-06-30  ETDP SETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. 2Inspire skills Training 
    2. AAH Skills and Development 
    3. ACT SKILLS DEVELOPMENT 
    4. Afric Training Centre and Security Studies PTY LTD 
    5. African Resources & Financial Training (Pty) Ltd 
    6. Akane Training Academy 
    7. Alcari Learning Centre (Pty) Ltd 
    8. Algoa Bus Company 
    9. All-in-one Driving Academy 
    10. AMA Training Skills Devleopment Centre 
    11. Andebe Training and Skills Development 
    12. Artshub Institute 
    13. ATTI (Advanced Technonogy Training Institute) 
    14. ATTI Nelspruit Pty Ltd 
    15. Aviwe Business Development and 
    16. Bakubung Driver Training and consultants CC 
    17. BCM FET college (pty) Ltd 
    18. BDCE (Pty) Ltd 
    19. Bev Short Training Consultants 
    20. Big Fish 
    21. Big J Training Academy 
    22. BLC Entertainment 
    23. Bolton Business College & Computer Studies 
    24. BOTJHABATSATSI TRAINING AND CONSULTING (Pty) Ltd 
    25. BRC Solutions (Pty) Ltd 
    26. Broad Market Academy 
    27. Bumbene Safety Consultants (Pty) Ltd 
    28. Buscor 
    29. Centre for Logistics Excellence (Pty) Ltd 
    30. CHAMDOR DRIVER TRAINING CC 
    31. Circleway College 
    32. CKP Development Agency (Pty) Ltd 
    33. Clearline Consulting Pty Ltd t/a LogTrain 
    34. Climamark (PTY) Ltd 
    35. Comfortable Tech 
    36. CREATIVE ARTS COLLEGE 
    37. De Vries Management & Training Services cc 
    38. Dee's Training (PTY) LTD 
    39. Dees Driver Training Centre 
    40. Digital Media Arts College 
    41. Dionysus Skills Development Initiative 
    42. Dynamic Institute of Training S.A 
    43. EDU - FLEET 
    44. Educon Training and Development PTY LTD 
    45. EJW Financial Services (Pty) Ltd 
    46. Epitome Villa (Pty)Ltd 
    47. ESS Holdings (PTY) Ltd 
    48. Evaflex 
    49. EYETHU NATIONAL COMPUTER COLLEGE PTY LTD 
    50. Faisit (Pty) Ltd 
    51. Falcon Business Institute (Pty) Ltd 
    52. FBT Consultants CC 
    53. FILM Mentorship & Training SA 
    54. Footprint Media academy Pty ltd 
    55. Frayintermedia Cc 
    56. Gauteng City College 
    57. Gold Class Group 
    58. Golden Arrow Bus Services_pty Ltd 
    59. GREENRIM TRAINING PTY LTD 
    60. Greenview Training and Development Skills Centre 
    61. He and She Driver Training Centre 
    62. Heartlines College 
    63. HILLCROSS BUSINESS SCHOOL (PTY 
    64. Humrec Human Resource Training 
    65. Ikaheng HR Services Pty Ltd 
    66. Imbo driving school 
    67. Imperial Logistics Group t/a Dedicated Contracts 
    68. Inkqubela Consultants 
    69. InnerOut Training Solutions 
    70. Innovative Shared Services 
    71. Institute for the Advancement 
    72. Intelligo Solutions Pty (Ltd) 
    73. Interactive Driving Academy 
    74. Intercept Consulting and Training Solutions 
    75. Interlink Technical Training 
    76. Invuya Institute of Learning (Pty) Ltd 
    77. IT Labs Consulting 
    78. Iyahluma investment (PTY) LTD 
    79. Iyanda Holdings(Pty) Ltd 
    80. Jeppe College of Commerce and 
    81. Johannesburg Institute of Engi 
    82. Kahisano Skills Development and Training 
    83. Kundani Trading 
    84. KZN Taxi and Commuter Corporation NPC 
    85. Learncorp 
    86. License to Skill cc 
    87. Lima Rural Development Foundation 
    88. Little Treehouse Holdings (PTY) Ltd 
    89. Lwaze Lwanda General Traders CC 
    90. MadibengGeneral Suppliers 
    91. Madidi Supply Chain Institute & Business Institute 
    92. Makwedeng Training 
    93. Maliwa Investment (Pty)Ltd 
    94. MBOWA COLLEGE PTY LTD 
    95. Media Village Training 
    96. Mmanape Private Technical Coll 
    97. Moripe Business and Training Consultants 
    98. Movietech Film and Television College 
    99. Mpofu Engineering Projects 
    100. Musengavhadzimu Media 
    101. New Business Solution Cosulting and Training Services 
    102. NOSA LOGISTICS PTY LTD 
    103. Ntalo Training & Consulting Services 
    104. Ntsoaki Driving School 
    105. O Keeffe and Swartz Consultants (Pty) Ltd 
    106. Octomate (Pty) Ltd 
    107. OL Afrika Media 
    108. OPELONG BUSINESS INSTITUTE (PT 
    109. Operational Process Improvements (Pty) Ltd 
    110. Outsurance Insurance Company Ltd 
    111. Pal Passenger Bus Services 
    112. Peo Entle HIV Wellness Management and Youth Skills Development NPO 
    113. Phephani Learnerships cc 
    114. PIETERSBURG LABOUR CONSULTANTS CC 
    115. Posh Multimedia 
    116. Pracical Audio Solution 
    117. Precision skills development and training 
    118. Pretoria Technical College 
    119. PRX SCHOOL TEST 
    120. PUTCO Limited 
    121. PUTCO Pty Ltd 
    122. Quantum Leap College Pty Ltd 
    123. Rand Training College 
    124. Ray Strodl Consulting (Pty) Ltd 
    125. Richfield Graduate Institute of Technology Pty Ltd 
    126. Ripple Effect 4 (Pty) Ltd 
    127. RJM Educational Consulting (Pty) Ltd 
    128. Royal Impression Academy 
    129. S-Squared Training Solutions (Pty) Ltd 
    130. S-Squared Training Solutions Pty Ltd 
    131. SA College of Technology (PTY) 
    132. Safe and Eco Driving Pty Ltd 
    133. Sanlam Life Insurance Ltd 
    134. Segaole Driving School 
    135. South African Business and Tec 
    136. SOUTH AFRICAN CORPORATE TRAINI 
    137. South African Transport Centre of Excellence 
    138. Southern Africa Youth Project 
    139. SPINA Consultancy cc Cape Town 
    140. SVA Training 
    141. TBL Empowerment Hub 
    142. THABO Training and Services 
    143. The Assessment Zone (Pty) Ltd 
    144. The Camera Academy 
    145. The Graduate Institute of Financial Sciences (Pty) Ltd 
    146. The Media Workshop 
    147. The Open Window (Pty) Ltd 
    148. The Skills Authority 
    149. THE SKILLS COLLEGE FOR DEVELOPMENT AND TRAINING(PTY) LTD 
    150. Thobologo Training and Education Group 
    151. Thubelihle Graduate Institute 
    152. Thwala Training Services (Pty) Ltd 
    153. Together Lifestyle Resort Pty Ltd 
    154. Training Consultant and SD College 
    155. Try Easy Electrical Solutions Pty Ltd 
    156. TSP COLLEGE 
    157. Twin Mark Strategy and Management Consultants (Pty) Ltd 
    158. Ukwakhile Training 
    159. Uzoyithola Training and Consulting 
    160. Varsity Institute of Science & Technology (Pty)Ltd 
    161. Vhonisani Training Academy & Projects 
    162. VSL General Trading CC 
    163. VUTHLARI MARKETING CONSULTING 
    164. Whitestone College 
    165. Yab Business Solution 
    166. Yes We Can Consulting Pty Ltd 
    167. Youth Media Movement 
    168. ZA WIT (PTY) LTD 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.